3309 Drysdale Ct
Edwardsville, IL 62025
looks like one to watch, nice positive divergence
also note the trusty MACD KISS / Stock OS setup that had
occurred, you could have sent long some at 62.13 of the small
otherwise thx for the idea I'll be watching this next week. The
daily chart has a doji. That said the 60 min divergence is rather
small and really none on the 2 hr. That wedge you show may not be
complete and need a couple waves to complete it - which is fine
Create advanced interactive price charts for USO, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
My trading plan is to close a SPY put I opened today on Monday
or Tuesday when the squeeze on /ES is exhausted, and let the market
bounce into Wednesday, and to rebuy that SPY put into your target
for wave 5.
On a second thought, wave 4 may still be in progress and
today's drop is a minor b down to be followed by c up into FOMC. I
see a low-compression squeeze firing on 2-hour charts, and we lost
EMA(21) on the daily /ES March23. 3888 (1 ATR) is the next target
for me. Your target is near 2 ATR. Once the squeeze is completed,
it will be obvious whether wave 4 completed or not.
Happy birthday, Steve! I wish you many more years ahead!
Amcap, I place credence in your depiction. /CL is very close to
a tradable long-term buy on daily charts. There is divergence on
RSI(5) on 240-minute charts. One more push lower to make another
low or an equal low should complete the pattern.
Larry Williams has a low on /CL in December and a move up from
Amcap, your charts are insightful. The analysis I trust has wave
(A) up completed at 4100 on /ESZ22. We are now in wave (B) down,
and wave A down is in progress. Wave 4 of A has probably completed
today, and wave 5 is in progress. Your target with triangle C is my
target for wave 5 of A. I expect a push lower after the FOMC
meeting next week to reach that target during the week of the
My USO trade plan
My updated trade plan for SPX
Create advanced interactive price charts for $SPX, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
Taking your lead but will wait till Monday. I had a bad feeling
about spy today. As soon as you said EW had you out I went
Entry Monday if prices lower would be good. Second
entries do really well and thirds outstanding. If we enter halfway
between a 2nd and 3rd entry, seems like a high probability trade.
Thanks Matt for updates, Steve all the best. MMMM enjoy the
Cheers Steve, enjoy!
funny - the Strap longs that I took off mid day. 30 points
higher are taking a 2nd entry. SPY already has, ES shows one for
the 5 pm close
I said earlier that I would issue trade alerts when these take
2nd entries, but I hate issuing another one now - I generally want
to avoid day trades.
A couple options would be: 1. just wait until Monday, maybe
we'll get better prices, or 2, issue a reentry but only for one of
them - maybe ES since it has a short
Just wanted to say thanks again for the Bday wishes - have a
Sorry Matt i'm still confused. Is there a bear long entry
still open ?
3,933.92 gap filled
The gaps don't lie like Shakira says, haha
VXX , $vix up this afternoon -
those are updated, nice exit earlier. now would love to see a
move lower on Monday as well - if those Strap systems take a 2nd
entry, or one of my even higher stat versions take an entry I'll
send that out
ERY ripping again
nope, not gonna happen
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